CONSUMERS’ PAGE Present Coal Scenario: Following the pandemic related disruptions, state owned Coal India has produced 40.51 million tonnes of coal in September 2020 compared to 30.78 million tonnes produced in the same month last year, registering a growth of 31.6% on a y-o-y basis. For the period of April-September 2020, CIL has produced a total of 236.05 MT of coal, close to2% lower than the production figures of 240.93 MT during the same period of the previous financial year. Coal offtake in September also grew significantly to 46.46 million tonnes registering an upsurge of 31.7% compared to 35.28 MT during September 2019. Offtake for the period of April - September 2020 stands at 254.93 MT. The overall offtake for the ongoing financial year is 7.6% lower than the offtake quantity of 275.93 MT during the same period of the previous financial year.
Issues faced by both Power and Non-power sectors: 1. Submission from both Power and NRS consumers to keep reserve price same as notified price in the coming auctions: Coal demand had shrunk significantly across coal consuming sectors including both Power and Non-power during the pandemic and sub-
06 | CCAI Monthly Newsletter September 2020
sequent lockdown. Keeping the customers’ constraints in view, CIL has allowed various Eauction schemes like Spot, Special Forward and Exclusive for both Regulated and Non-regulated sectors to be conducted at reserve price which is equal to their respective notified prices till September 2020. As the financial impact of the pandemic is far more long lasting, request has been made by both Power and NRS consumers to extend the facility of conducting all upcoming auctions at
